Lower ABS volume drives auto finance industry dip (Big Wheels)
Auto Finance Composite Index down 17.3% YoY
Lower auto asset-backed securitization issuance contributed to a dip in the auto finance industry’s overall performance in April, offset in part by steady auto loan demand and improved new-vehicle sales. The Auto Finance Composite Index landed at 127.13 in April, down 17.3% year over year and 8.5% month over month. Auto Finance Composite Index over […]
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